[papito]

"Financial engineering" is pillaging the company while diverting money into ludicrous bonuses and raises at the corporate office.

The top skill of most MBAs is sorting an Excel sheet by salary, in descending order, and deleting the top 10 rows to "restructure".

[IfOnlyYouKnew]

...and the top skill of most tech people is spreading superficial, malignant stereotypes of professions they fail to understand. Those include everything that is not a direct derivative of classical logic and mathematics, because they refuse to consider any creative or social domains to be "real".

Because of this narrow view of the world, the tech crowd is constantly perplexed by the continuing dominance of that other tribe in their organisations as well as society at large. This inferiority complex causes them to indulge in ritualistic in-group demonisation, whereas the reverse manifests mostly in brief interludes of eye-rolling whenever the internet goes down.

[manicdee]

Heh heh.

Reminds me of one CEO of mine proudly holding up a Nokia n95 Navigator and telling us how the iPhone was trash and the n95 was the future of mobile phones. This was his excuse for not signing our retail provider up to sell Apple phones.

Within a couple of years he had left to join the board of a small credit union with his crowning achievement being the introduction of low-balance fees and cash withdrawal fees.

So yes, I am perplexed at how people like this keep getting highly paid executive positions while I am stuck in a damp cell in a poorly lit dungeon.

[papito]

Once you are C-level, you are in the club. It's when you start failing upwards.

[papito]

In all seriousness, my opinion is shaped by experience. I once worked at a startup burning through VC money, run by a Harvard MBA CEO. It was ridiculously wasteful. And these things were obvious to us down in the trenches.

Granted, they don't teach frugality, and these degrees are fairly useless for startups in particular, if not harmful.

[papito]

All correct as well. Hey, I own it.